AST SpaceMobile (NASDAQ:ASTS) Stock Falls 5.2% – Time to Sell?

AST SpaceMobile, Inc. (NASDAQ:ASTS)’s stock price traded down 5.2% on Thursday. The stock traded as low as $37.80 and last traded at $38.77. Approximately 17,071,319 shares were traded during mid-day trading, an increase of 2% from the average daily volume of 16,752,719 shares. The stock had previously closed at $40.90.

AST SpaceMobile News Summary

Here are the key news stories impacting AST SpaceMobile this week:

• Positive Sentiment: Bank of America reportedly expects AST SpaceMobile to begin providing intermittent satellite-based cellular broadband coverage in parts of the United States, Canada, Japan, the United Kingdom and Saudi Arabia by the end of 2026. The anticipated service launch supports the company’s commercialization story and provides a potential long-term catalyst. AST SpaceMobile Targets Initial Satellite Broadband Coverage in Five Countries by End of 2026
• Neutral Sentiment: AST SpaceMobile’s CFO, Andrew Johnson, received a new three-year employment agreement with a minimum annual salary of $250,000, potential bonuses and stock awards. The agreement provides management continuity but is not expected to materially change the company’s near-term outlook. ASTS Stock Jumps Overnight: CFO Gets New 3-Year Contract
• Negative Sentiment: Several law firms publicized a securities class action against AST SpaceMobile and certain executives. The allegations reportedly concern statements that the company was fully funded and maintained a durable competitive lead, despite subsequent $1 billion convertible-note offerings and analyst concerns about competition and adoption. Investors who purchased securities between March 4, 2025, and July 15, 2026, have until November 13, 2026, to seek lead-plaintiff status. The litigation adds reputational, legal and potential financial risk. Pomerantz Class Action Announcement
• Negative Sentiment: UBS cut its ASTS price target to $43 from $62, while Scotiabank maintained a Sell rating with a $45.60 target. The revisions reinforce concerns about capital needs, Starlink competition and the pace of customer adoption. Levi & Korsinsky ASTS Investor Notice
• Negative Sentiment: A risk-off technology selloff hit high-valued space stocks, with AST SpaceMobile falling alongside SpaceX and Rocket Lab. This sector-wide pressure is amplifying company-specific concerns and investor profit-taking. Space Stocks Fall in Technology Selloff

Analyst Ratings Changes

Several research firms have commented on ASTS. William Blair restated a “market perform” rating on shares of AST SpaceMobile in a research report on Monday, October 5th. Piper Sandler lowered shares of AST SpaceMobile from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $98.00 to $54.00 in a research report on Tuesday, October 13th. Scotiabank raised shares of AST SpaceMobile from a “sector underperform” rating to a “sector perform” rating and set a $50.80 price objective for the company in a research note on Wednesday, July 29th. Berenberg Bank initiated coverage on shares of AST SpaceMobile in a report on Wednesday, September 2nd. They issued a “buy” rating and a $92.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft raised shares of AST SpaceMobile from a “hold” rating to a “buy” rating and set a $93.00 target price on the stock in a research note on Monday, October 12th. Five equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $80.18.

AST SpaceMobile Trading Down 5.2%

The business has a 50-day simple moving average of $58.78 and a 200-day simple moving average of $73.24. The company has a market cap of $15.09 billion, a PE ratio of -18.12 and a beta of 2.72. The company has a quick ratio of 12.90, a current ratio of 13.05 and a debt-to-equity ratio of 1.24.

AST SpaceMobile (NASDAQ:ASTS) last issued its quarterly earnings results on Monday, August 10th. The company reported ($0.77) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.45). The business had revenue of $31.52 million for the quarter, compared to analysts’ expectations of $34.53 million. AST SpaceMobile had a negative return on equity of 22.88% and a negative net margin of 536.66%. During the same quarter last year, the company earned ($0.41) earnings per share. On average, analysts predict that AST SpaceMobile, Inc. will post -1.92 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CTO Huiwen Yao sold 40,000 shares of the business’s stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $58.93, for a total value of $2,357,200.00. Following the transaction, the chief technology officer owned 34,750 shares in the company, valued at $2,047,817.50. The trade was a 53.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Shanti Gupta sold 12,000 shares of AST SpaceMobile stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of $58.89, for a total value of $706,680.00. Following the completion of the sale, the chief operating officer owned 462,980 shares in the company, valued at approximately $27,264,892.20. This trade represents a 2.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 20.89% of the stock is currently owned by insiders.

Institutional Investors Weigh In On AST SpaceMobile

Several hedge funds have recently modified their holdings of ASTS. Hollencrest Capital Management raised its holdings in shares of AST SpaceMobile by 11.7% in the 1st quarter. Hollencrest Capital Management now owns 1,592 shares of the company’s stock worth $132,000 after purchasing an additional 167 shares during the period. Byrne Asset Management LLC raised its stake in shares of AST SpaceMobile by 17.0% in the 3rd quarter. Byrne Asset Management LLC now owns 1,170 shares of the company’s stock valued at $67,000 after purchasing an additional 170 shares in the last quarter. TD Waterhouse Canada Inc. lifted its holdings in AST SpaceMobile by 15.5% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 1,404 shares of the company’s stock worth $121,000 after buying an additional 188 shares during the last quarter. HHM Wealth Advisors LLC increased its stake in AST SpaceMobile by 72.2% during the first quarter. HHM Wealth Advisors LLC now owns 465 shares of the company’s stock valued at $39,000 after purchasing an additional 195 shares during the last quarter. Finally, Salvus Wealth Management LLC lifted its holdings in AST SpaceMobile by 0.4% in the third quarter. Salvus Wealth Management LLC now owns 70,662 shares of the company’s stock worth $4,159,000 after acquiring an additional 263 shares during the last quarter. 60.95% of the stock is owned by institutional investors and hedge funds.

AST SpaceMobile Company Profile

AST SpaceMobile, Inc is a space-based communications company developing a global cellular broadband network designed to connect directly with standard, unmodified mobile phones. Its technology is intended to extend wireless coverage beyond traditional terrestrial networks, including in rural, remote and underserved areas.

The company is building and deploying a constellation of large low Earth orbit satellites, known as the BlueBird satellite system. AST SpaceMobile plans to provide voice, messaging, data and broadband services through partnerships with mobile network operators, allowing subscribers to remain connected outside the reach of conventional cellular towers.

Founded in 2017 and headquartered in Midland, Texas, AST SpaceMobile was established by Abel Avellan, who serves as its chairman and chief executive officer.